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COURT OF APPEALS THIRD APPELLATE DISTRICT UNION COUNTY

The local savings companies have been the target of considerable criticism since their establishment in 1999. This is directed especially at the fact that their existence gives the savings bank group an unusual and clumsy structure compared with the traditional cooperative banks. For in the latter, the members of the cooperative participate directly in the banks without any intermediate agents. As a result, the avowed aim of the savings bank group to participate without restrictions in a widely familiar and usual (cooperative) legal form has not been completely achieved by the reform of 1999. Moreover, the criti- cism also attacks the high administrative costs caused by the existence of numerous savings associ- ations/companies at. | COURT OF APPEALS THIRD APPELLATE DISTRICT UNION COUNTY STATE SAVINGS BANK PLAINTIFF-APPELLANT CASE NUMBER 14-99-09 v. SUSAN ANNE GUNTHER ET AL. O P I N I O N DEFEND ANTS-APPELLEES STATE SAVINGS BANK PLAINTIFF-APPELLANT CASE NUMBER 14-99-14 v. SUSAN ANNE GUNTHER ET AL. O P I N I O N DEFEND ANTS-APPELLEES CHARACTER OF PROCEEDINGS Civil Appeals from Common Pleas Court. JUDGMENTS Judgments affirmed. DATE OF JUDGMENT ENTRIES September 24 1999. ATTORNEYS ALLEN YURASEK MERKLIN Jeffrey A. Merklin Attorney at Law 233 West Fifth Street P.O. Box 391 Case Nos. 14-99-09 14-99-14 Marysville OH 43040 For Appellant. BUCKLEY KING BLUSO Ray P. Drexel Attorney at Law Reg. 0020515 1300 One Columbus 10 West Broad Street Columbus OH 43215 For Appellant. KEGLER BROWN HILL RITT ER Roger P. Sugarman Attorney at Law Reg. 0012007 Christopher J. Weber Attorney at Law Reg. 0059270 65 East State Street Suite 1800 Columbus OH 43215 For Appellees Kenneth and Barbara Coots. HADLEY J. The Plaintiff-Appellant State Savings Bank State Savings appeals the finding of the Common Pleas Court of Union County as to the amount owed on an outstanding mortgage loan. For the following reasons we affirm the judgment of the trial court. The underlying facts and procedural history of the case are as follows. The Appellees in this matter Kenneth and Barbara Coots owned a parcel of real estate in Plain City Ohio. The Appellee Susan Anne Gunther executed a real estate 2 Case Nos. 14-99-09 14-99-14 contract for the purchase of the property. Gunther purchased the property for 198 000.00. To finance the purchase Gunther received a mortgage loan from State Savings in the amount of 148 500.00. The loan was used to settle the property s outstanding tax debt and to eliminate the Coots two previous mortgage loans.1 2 In exchange for the Coots assistance with the down payment Gunther agreed to give them a second mortgage on the property for the amount of 39 100.00.2 On September 16 1996 State Savings filed a complaint .